A programme for regeneration: A practical look at the UK economy for the concerned citizen – Part One
The Western world is faced with an oncoming financial melt-down. The only real argument amongst financiers and governments is whether it will be deflationary or inflationary and it looks like the latter.
There is little or no discussion about re-building the real economy where wealth is created. Most discussion is between financiers fighting over creamed off wealth and fought over by the finance sector.
Inflation is a deeply political subject. For instance, the UK media tried to blame UK inflation at that time on wage increases rather than the underlying cause. Wage increases never caught up with inflation. Despite inflation over the last 12 years wages have remained largely static.